The Blount County Real Estate Market had a strong September!
Sales in key price ranges propelled the market, but there are also signs of the annual slowdown beginning to show, as all key indicators remained red this month (see Quick Facts). The average Days On Market (DOM) increased slightly, the average sales price dropped slightly, and the total number of homes sold went down by over 10%. All within historical norms.
Inventory shortages in the $400K and below price ranges continue to be an issue. This means sellers in the $100K – $399K price range still have a Strong Seller’s Market working in their favor. The inventory shortage in these price ranges is causing fierce competition for properly priced homes, making now the PERFECT time to sell. Buyers are advised to act quickly when the right house comes along.
It is not uncommon for properly priced homes in the $200K and below price ranges to sell within 1 week due to extreme buyer demand.
Thinking about buying or selling? Call the Everbach Team today 865-888-HOME (4663)!